Mortgage Rates Recover Some of Yesterday's Losses

Mortgage rates spiked on Wednesday (yesterday) after reports suggested a prolonged blockade of the Strait of Hormuz. As has been the case for most of the past 2 months, interest rate movement was clearly correlated with oil prices. Now today, both are moving back in the other direction though not fo

Spring Housing Market Holds Its Ground Despite Economic Headwinds, According to Realtor.com® April Housing Report

Mortgage Rates Surge Higher as US Considers a Longer Blockade

Mortgage rates jumped higher today at the fastest pace in weeks to the highest levels since March 30th. There were two key motivations for the increase, but one accounted for a vast majority of the damage. News came out overnight that spoke to the possibility of a prolonged blockade of the Strait of

LA Rents Fall to a Four-Year Low, But Affordability Remains Out of Reach for Many